The U.S. House of Representatives approved yesterday afternoon (July 18) a series of bills related to cryptocurrencies, including the GENIUS Act, which establishes the first federal regulatory framework for stablecoins. The legislation sets requirements for full reserves, oversight of issuers, and guidelines for the sector — and now awaits only President Trump's signature.

* Approval in the House: The bill was approved by 308 votes to 122, after passing in the Senate by 68 to 30. It now goes to the White House for final sanction.

* Reserve and Transparency Rules: Issuers must maintain 100% of reserves in high-quality liquid assets, conduct monthly audits, register with regulators, and disclose public information. Algorithmic stablecoins are prohibited.

* Dual Licensing System: Depending on the type of issuer, it will be necessary to obtain a federal license (via OCC) or state license, ensuring layered oversight.

* Criticism: Some Democratic lawmakers argue that the law favors large issuers, lacks strict oversight, and ignores potential conflicts of interest related to political figures.

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